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Markets are moving from peaks to troughs.
Higher peaks will define a bull market, lower troughs will define the
bearish market.
It takes some time to move from a significant peak to a significant
trough, things do not change in one night.
The time interval from peak to trough is quite determinative for the
next market movements, it is the beginning of the cycle.
After this first interval, buyers and sellers will try again and
again to make some money and they will give a rhythm to the market.
Since we do not know in advance this rhythm, we shall read and learn
for 6 months and then apply this knowledge for the next 6 months. Our
first pattern may be wrong, so we should make corrections to improve
the results.
The first [naive] approach will not use T/A at all, no indicators,
not even volumes, just time intervals and nothing more.
Dimitris Tsokakis
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